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Oak Lodge Talbot Close Mitcham, CR4 1FF

  • 3 Bedrooms
  • 30% share available
  • Viewing Saturday 28 and Sunday 29 July. Call 0203 815 1234 to book your appointment.

First Floor purpose built three bedroom flat with parking space located in the London borough of Merton for £109,500 30% share of £365,000 full market price, available through Shared Ownership.

Monthly Fees

Monthly Mortgage*: £1382.19
Monthly Rent: £433.61
NHHO Service Charge**: £222.33
Ground rent: £25.00
Council Tax: £122.33

Estimated Total (per month): £2,038.13 excluding council tax

* Estimate - The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

** Service Charge payable to Notting Hill Home Ownership

£109,500 (30% share price of £365,000)

Key Features

  • Two balconies
  • Gated car park area
  • En suite
  • Open plan kitchen/dining room
  • Separate reception room

Ground floor
Visual door entry system leading to a carpeted entrance hallway with stairs and lift

First floor
Entrance hall, bathroom/wc, kitchen, living room, three bedrooms, master with an ensuite

External
Two balconies

GIA
104 sq.m as per RICS valuation.

Accessibility rating
D

EPC rating
C

Length of lease
93 years

Borough
Merton 

Eligibility 

You will need to be earning a guidance income of £59,343. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £10,950. Total approximate savings required£14,950.

Important borough specific eligibility criteria

Merton
Priority to live or work in the London Borough of Merton but all can apply.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

Details correct as at 12/07/2018

Prices

Number of Beds 3
Full market price £365,000
Ownership 30% share available
Rent £433.61 pcm
Guidance household income £59,343
Status Available Now
Service charge £222.33
This development is provided by Notting Hill Sales
this development is provided by Notting Hill Sales

Notting Hill Sales is the trading name of Notting Hill Home Ownership and related companies.

Location and local area

Local Transport

National Rail
Mitcham Eastfields station (1.34 km)